January 18, 1971
I-1. University Status as a Private Foundation - IRS
The Office of the General Counsel has advised that on November 30, 1970 the University filed the required notice (IRS 4653) and all granting agencies and foundations may be assured that the University is not a private foundation.
Refer: OGC (R. B. Portwood) memo of 1/6/71 to VP-B& F. (Attached)
VICE PRESIDENT GRAEME C. BANNERMAN
Re: University Status as a Private Foundation
Tax Reform Act Of 1969
As you will recall, in early December I advised that on November 30, 1970 the University had filed the required notice (IRS Form 4653) with the Internal Revenue Service to establish that the University is not a private foundation within the meaning of the Tax Reform Act of 1969.
Thirty days have elapsed since the filing of the notice and no word has been received from the IRS that it disputes the status the University has claimed. This means that until such time as the IRS notifies the University in writing that its claimed status has been denied, all granting agencies and foundations may be assured that the University is not a private foundation.
We will inform you immediately upon receipt of any further communication from the IRS regarding the status of the University. In the meantime, if there are any questions, please let us know.
Romulus B. Portwood
Chief Accountant Meyer
Accounting Officers: F. J. Bailey, F. R. Cvar, R. G. Davis, D.C. Ewing, R. J. Frost, L. N. Jacobs, L. W. Johns, N. M. Mundell, J. M. Schaeffer, J. F. Long, B. W. West, Norman H. Gross